Top 5 meme coins: Dogecoin, Shiba Inu, Pepe, Dogwifhat and Bonk extend losses
30X Profit Expected from AIG Token: AI Games has launched its native token (AIG). 1 AIG Token Price Is $0.01 & Exchange Listing Price $0.30, Don’t miss this opportunity; join the pre-sale at the official website (PlayAiGames.Online)

Dogecoin, Shiba Inu, Pepe, Dogwifhat, and Bonk extend losses following Bitcoin's drop to around $58,000.Meme coins have observed a decline in on-chain activity.Meme coin market capitalization shrinks to $40 billion on Monday. 

Meme coins erased 6% of their market capitalization in the last 24 hours, down to $40 billion per CoinGecko data. The shrinking market capitalization reflects the “fear” among crypto traders. 

Alternative.me’s Crypto fear and greed index reads 25 on Monday, signaling “extreme fear” among traders. Two market movers are likely driving the changing sentiment, alongside macro factors this week. 

The top five meme coins ranked by market capitalization include Dogecoin (DOGE), Shiba Inu (SHIB), Pepe (PEPE), Dogwifhat (WIF) and Bonk (BONK). These five tokens erased between 6% and 9% of their value in the last 24 hours, per CoinGecko data. 

Meme coins are the leading narrative in the ongoing market cycle, which has been termed as the “meme coin supercycle. The sector outperformed others consecutively in the first two quarters of 2024. 

Meme coin launchpads like Pump.fun and Moonshot have recorded a large number of launches as the asset category gains popularity. 

Data from Dune Analytics shows only 0.12% of the meme coin launches on Pump.fun made it past $60,000 in market capitalization (in the last 24 hours) and a listing to the decentralized exchange Raydium. The alarming numbers show the state of meme coins and investments in the category. 

1.4% of Pump.fun’s 1.58 million meme coins that have been listed on the DEX since its inception were listed on a DEX.

#Meme #Memecoins #Altcoins #SemlerScientific #shiba⚡ $BTC $ETH $SOL